Michigan Rivet Corporation, a manufacturer of specialty metal fasteners, announced today that it has retained TM Capital Corp., a private New York-based investment-banking firm, as its financial advisor in connection with the evaluation of its strategic alternatives.
Michigan Rivet Corporation’s President, William P. Lianos, commented “Over the last several years, Michigan Rivet has shown significant progress towards its plan to establish an improved market position, streamlined operations and stronger financial performance. In order to build on these improvements, for the benefit of all the Company’s stockholders, Michigan Rivet’s Board has asked TM Capital to provide advice on how best to maximize the value of the Company.”
Michigan Rivet Corporation is a manufacturer of steel fasteners, principally for the automotive industry. The Company’s products are manufactured to customers’ designs and specifications through wire drawing, cold extrusion, cold heading and certain secondary machining operations.